175 SE 25th Road, #502, Miami, FL, 33129

175 SE 25th Road, #502, Miami, FL, 33129

3 beds

3 Full / 1 Half baths

Purchase Price$3,900,000This provides an opportunity to secure pricing below current listings while the building is just entering its first resale cycle.Lease Structure:12-month lease$19,500 per monthPurchase Option:Option deposit: $145,500 - equivalent to 3% and credited toward purchase but non-refundable.Rent credit: 40% of rent paid during the lease period applied toward the purchase price = $93,600 ( $19,500 x 12 x .40)9 months into the lease the purchase option should be confirmed.Over a full year, this structure results in approximately $239,000 credited toward the purchase, bringing the effective purchase price to roughly $3,661M if the option is exercised. The buyer may exercise the option to buy once the 12-month holding period is satisfied. This arrangement is particularly useful for someone who would like to secure a position in the building now, and complete the acquisition once the timing aligns.


Status:

Active

Furnished Remarks:

Unfurnished

Laundry Remarks:

Washer Hookup, Dryer Hookup

Garage:

1-car

Parking:

Valet

Construction

Block

Utilities

Cable Available

View Description:

Bay, Direct Ocean, Ocean

Adult Communities:

Yes

Amenities:

Elevator(s), Fitness Center, Manager On Site, Beach Club Available, Hobby Room

Waterfront:

Yes

Elementary School:

Coral Way K-8

High School:

Miami

Days on Market:

80

Pet Policy:

Yes

Appliances:

Electric Water Heater, Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Washer

Pool:

Heated, In Ground

MLS #:

A11994401


Community Info

School Info

Walk Score

Yelp


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Listing courtesy of Paz Realty, LLC 305-903-3655